THE OPEN March beans: 7 higher March meal: .10 higher March soyoil: 89 higher March corn: 1/2 higher March wheat: 5 higher Prices opened as called but corn became the sell leg of wheat and beans. Money flows headed to equities today as Ag prices stalled at the open, with most of the markets in a low volume congestive trade. Meal prices sank back to test new contract lows even as soyoil prices remained firm. SOY
March bean prices moved into key resistance at $9.88, but when price action stalled, bulls took profits and new bears decided to hope on board on the lack of upside follow-through. March soyoil drifted lower for most of the day against a steady- to-...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
